The global medical disposable market is expected to reach USD 160 billion by 2023 from USD 114 million in 2018, growing at a CAGR of 7%. Increasing hospital visitation, increasing cases of hospital acquired infections, increasing awareness of patients are some of the major factors driving the growth of the global disposable medical market.

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The global medical disposable market is expected to reach USD 160 billion by 2023 from USD 114 million in 2018, growing at a CAGR of 7%. Increasing hospital visitation, increasing cases of hospital acquired infections, increasing awareness of patients are some of the major factors driving the growth of the global disposable medical market.

North America dominates the disposable medical market with the U.S. accounting for the major market share in 2017. Established healthcare infrastructure; and increasing demand for disposable instruments are some of the major driving factors driving the growth of this market in North America. The Asian disposable medical market is poised to grow at the highest CAGR during the forecast period owing to improving healthcare infrastructure and rising awareness about disposable medical instruments among people in the region. The rising focus of prominent players on the Asian disposable medical market is another factor driving its growth. Furthermore, emerging countries such as India and China provides immense growth opportunities to the disposable medical manufacturers.